The Macroeconomic Effects of Climate Policy Uncertainty

We thank our discussants Lint Barrage and Oscar Jordà, as well as Marios Angeletos, Adrien Bilal, Nick Bloom, Dario Caldara, Ambrogio Cesa-Bianchi, Antonio Coppola, Steven Davis, Davide Furceri, Francois Gourio, Joe Hazell, Johan Moen-Vorum, Ben Moll, Chris Wolf, Francesco Zanetti and participants at the ASSA meeting, the NBER Summer Institute, the SED meeting, the SITE conference, Banque de France, Duke, LBS, LSE, Oxford, and Sveriges Riksbank for helpful comments and suggestions. Pooja Kantemneni, Michael Margulies, and Valerio Di Tommaso provided excellent research assistance. Diego Känzig gratefully acknowledges support from the Wheeler Institute for Business and Development. Updated data on climate policy uncertainty can be found at https://github.com/dkaenzig/Climate-Policy-Uncertainty-Index. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.